You Can Insure That?

you can insure that

We’ve covered a lot of insurance types on this blog. We’ve covered homeowner’s insurance, condo insurance, renters insurance, liability insurance, and workers compensation insurance. We’ve talked to you about insuring your car, your residence, your boat, and how to make your world a safer place. In this post were going to go in a slightly different direction. You can insure a lot of different things, and people have insured some very strange things – and some of them are really kind of hard to believe.

  1. Did you know that there’s lottery winners insurance? It’s not for the winners, but for their employers. What would happen if all of a sudden, you and all your coworkers won the lottery and bade your boss goodbye? Lloyd’s of London has the answer, offering coverage for losses caused by staff pool lottery wins.
  2. Call Mulder and Scully – alien abduction insurance is really a thing. This policy was taken out by such notables as Shirley McClain, the Heaven’s Gate religious group, and others against the chance they would be abducted by aliens.
  3. It all started with Betty Grable’s legs, insured in the 1940s for $1 million each. Since then, lots of body parts have been insured, from Dolly Parton’s breasts, to Gene Simmons’ tongue, and even David Lee Roth’s virility. Gossip has it that the Van Halen front man was such a womanizer, that he took out a $1 million insurance policy to cover potential paternity claims.
  4. A lot of people have heard about a key man policy, which is the policy that a business takes to cover a person or group of people who are key to running the business. Comedians Bud Abbott and Lou Costello took out a $250,000 policy against breaking up the act.
  5. The game show “Who Wants to be a Millionaire” actually carried insurance against anyone winning the top prize. Indeed, ABC was sued by Lloyd’s of London for dumbing down the questions to the point where almost anyone could win it.
  6. In 2013, a Scottish cruise company took out a policy of 1 million British pounds on its small fleet of luxury ships against damage being inflicted by the Loch Ness monster. Jacobite Cruises carries about 10,000 sightseers per year.

While these things might sound strange to us, the people who took out these policies generally considered that there was a reason to do so. Even as far-fetched as the Loch Ness monster and aliens might seem to us, who can tell if these claims will ever be paid. There are lots of things that people really don’t think about insuring even if the loss would be financially ruinous, or deprive you of cherished possessions. Whether it’s a key man policy for your business, or extra insurance for a collection of comic books, insurance can help to protect the things that you value. Ask us about anything you want to insure, and we’ll be happy to help you find the coverage that suits your needs.

 

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Whether you are looking to insure your automobile, home, mobile home, motorcycle, watercraft, or if you need coverage for your business such as general liability, workers compensation, commercial auto, E&L Insurance has you covered! Let’s face it! Shopping for insurance can be a grueling process. Here at E&L Insurance, we focus on counseling customers on the best coverage options, at the best possible rates. What makes us different from other agents? As an independent insurance agency, we are appointed and represent the most reputable insurance companies in Florida. This allows us to provide more options, at a higher level of service that other agents cannot offer. Our customer service representative are here to help you in all your insurance needs. Call us today at 888-700-4049 or visit www.eandlinsurance.com! Se Habla Español

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Posted in Insurance, Personal Insurance

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